Cryptocurrencies are becoming increasingly more significant, especially in Sweden, where the Sveriges Riksbank is considering developing a central bank digital currency called e-Krona. However, crypto investments are currently risky, volatile, unregulated, and often lack consumer protection, so investors must find secure and reliable platforms to buy, sell, and store their assets. Moreover, a growing number of exchanges are available, making selecting the right one a daunting task.
To choose the ideal platform, investors need to be wary of scams and understand the different platforms’ differences, unique strengths, weaknesses, and reliability, considering that there is no investor protection in case the exchange goes bust. With our experience and expertise, we aim to provide the information you need to decide when selecting the best crypto exchange in Sweden.
In this article, we will compare and review the best cryptocurrency exchanges in Sweden to help you find the perfect match for your needs.
Best Cryptocurrency Exchanges in Sweden for 2024
Coinbase
American crypto exchange founded in 2012 with over 105 million users. The exchange is known for its simplicity. It allows you to buy and sell over 100 different cryptocurrencies.
Crypto.com
With over 250 types of cryptocurrencies, Crypto.com offers diverse financial services related to cryptocurrencies, such as a crypto debit card and a comprehensive NFT marketplace.
Kraken
Kraken is the fifth-largest Bitcoin exchange globally, according to trade volumes. The exchange is regulated by the FinCEN in the USA and is operational in over 200 countries, including Sweden.
Gemini
Trusted cryptocurrency exchange founded in the US, which is known for its robust security measures and strict regulatory compliance, offering a variety of digital assets for trading.
| Exchange | Minimum deposit | Number of crypto supported | Staking available | Crypto card available | Insurance against theft |
| Coinbase | €50 | 250+ | ✔ | ✔ | ✔ |
| Crypto.com | €20 | 250+ | ✔ | ✔ | X |
| Kraken | €1 | 185+ | ✔ | X | X |
| Gemini | €0 | 100+ | ✔ | ✔ | X |
Best Cryptocurrency Exchanges in Sweden Reviewed
1# Coinbase
Coinbase at a glance
Coinbase is a cryptocurrency exchange founded in 2012 with more than 100 million users worldwide. The platform combines a user-friendly interface with a large offer of cryptocurrencies for users to buy and sell. It also provides a massive library of information about cryptocurrencies, focusing on beginner education. Any user with limited knowledge of computers can use both the online website and the apps for Android or iOS, which makes it an excellent choice for beginners. Advanced traders can use Coinbase Pro, which contains advanced features not present in the regular platform.
The company prioritizes security. It is authorized as a Virtual Asset Service Provider and licensed as an electronic money institution by the Central Bank of Ireland, which means that your cash balance will be protected by a depositor guarantee scheme and that Coinbase needs to abide by strong anti-money laundering measures. Although your investment in crypto will not be protected by any investment scheme, these measures provide safety and trust. To enhance even more its security, Coinbase also offers cold storage and multi-signature wallets, and a crime insurance that protects a portion of your digital currencies against theft and cybersecurity breaches.
Moreover, the exchange provides “learn & earn” programs that will pay you rewards in crypto to learn about cryptocurrencies and Fintech. Known for its simplicity and security, it is a solid option for investors, and its advantages put it in fourth place on our list of the best crypto exchanges in Sweden.
2# Crypto.com
Crypto.com at a glance
Crypto.com, founded in 2016, is an exchange with more than 80 million users from 90 different countries. The platform has gained popularity as one of the best crypto exchanges in Sweden due to its variety of services that allow investors to access financial services and earn passive income. It is licensed in Malta as a Virtual asset Service Provider, which makes it reliable and compliant with anti-money-laundering rules, although it does not offer protection for your investments.
Crypto.com stands out as one of the best crypto exchanges in Sweden for its extensive list of services. Users can earn interest on their crypto holdings, have access to a safe crypto wallet, create a crypto savings account, and access a visa card to use cryptocurrencies to pay for products and services while earning rewards for it. The platform is also known for its user-friendly NFT marketplace. Moreover, if you hold the platform’s native utility token Cronos (CRO), you can lower your fees and earn higher rewards when using your crypto debit card.
Although beginners may find the platform’s interface overwhelming initially, the low fees and comprehensive list of services and assets could still make Crypto.com an attractive option. As a reliable and versatile platform, Crypto.com is certainly worth considering among the best crypto exchanges in Sweden!
3# Kraken
Kraken at a glance
Founded in 2011, Kraken is one of the world’s oldest and most reputable crypto exchanges. You can trade a wide range of cryptocurrencies with low fees (up to 0.26%), have access to 24/7 customer support via live chat, and enjoy high-security standards. It also offers great educational resources for beginners and experts.
Kraken offers more than 180 crypto assets and staking services that allow investors to receive a passive income, great customer service, and top-notch security. When staking your investments in Kraken, with the right cryptocurrency choice, you could earn up to 10%+ in interest.
The company is committed to transparency and security, and it offers a combination of cold storage and multi-signature wallets that protect user funds. Although it is registered in Italy as a Virtual Asset Service Provider, which obliges the exchange to comply with strong anti-money laundering rules, there is no protection for the investments if the exchange goes bust. Nevertheless, for those seeking a solid, safe, and trustworthy exchange, Kraken stands out as a reliable choice among the best crypto exchanges in Sweden.
4# Gemini
Gemini at a glance
Founded in 2014, Gemini is a US-based cryptocurrency exchange with more than 13 million active users. It is known for its strict regulatory compliance and robust security measures, making it a trusted choice for investors seeking a secure platform. The exchange provides more than 100 cryptocurrencies, and it is regulated by the New York State Department of Financial Services, the FCA, and the Central Bank of Ireland.
Gemini offers a variety of unique features that cater to different types of investors. For instance, it provides staking services with up to 8% APY, allowing users to earn passive income on their crypto holdings. Additionally, the platform offers a crypto credit card with up to 3% cashback, making it appealing to those who want to use their cryptocurrencies for everyday purchases. It also offers the Gemini Dollar: a safe and regulated stablecoin that is fully backed by cash or cash equivalents, which can be appealing if you are looking for a stable and reliable crypto asset.
Although Gemini has slightly higher fees and a medium-sized range of cryptocurrencies available, it is a safe and reliable option for investors of all levels, and it is a great way to end our list of the best crypto exchanges in Sweden.
How to choose the Best Crypto App in Sweden
There are many aspects you should consider when choosing the best crypto exchange in Sweden to invest in. Some of the features you should consider are the following:
- Safety and Regulation: all the exchanges presented are licensed and regulated in the EU.
- Range of cryptocurrencies available to trade: you must assess whether the platform offers a wide range of crypto assets or only the most established ones.
- Fees: exchanges may charge above-average prices for buying, selling, or swapping cryptocurrencies.
- User interface and ease of use.
- Deposits: how can you top up your wallet in the exchange? Is there a minimum deposit amount?
- Services offered: exchanges offer different types of services. If you want to take on riskier investments, maybe you could consider using exchanges that allow you to trade derivatives. If you need to use your cryptocurrency investments to make payments in your day-to-day life, an exchange with a crypto debit or credit card may be more helpful. If you want to hold your assets for an extended period, maybe look for exchanges that will pay you higher rates for staking.
The bottom line
To sum it up, these are our top picks:
Best crypto platforms in Sweden
| #1 | Coinbase | Best for beginners |
| #2 | Crypto.com | Best for NFTs and crypto card |
| #3 | Kraken | Best for strong customer support |
| #4 | Gemini | Best for a regulated and fully-backed stablecoin |
The world of cryptocurrency trading is exciting and filled with opportunities. However, choosing the right exchange is critical to ensuring a positive experience and protecting your digital assets to avoid scams and unsafe platforms. In this article, we reviewed the best crypto exchanges in Sweden, and we want to help your decision.
Please consider each of the unique strengths and advantages of the exchanges, always thinking of your needs and preferences. Cryptocurrencies are highly volatile and unregulated in Sweden. There is little to no consumer protection and your investment will not be protected as it would be if you would buy stocks. Besides, remember that tax on profits may apply!
Take your time to do more research and evaluate the platforms. Stay informed and stay safe! We hope that this article was informative, and we wish you the best of luck in your investments!
Other FAQs
What is a crypto exchange?
A crypto exchange is an online marketplace where you can trade cryptocurrencies for other cryptocurrencies, digital money, fiat money, or many other tokens, such as NFTs. Typically, crypto exchanges are centralized, similar to stock exchanges. These platforms will work as intermediaries that match transactions between buyers and sellers, offering you more safety when selling or purchasing cryptocurrencies. Crypto exchanges may also be decentralized. In this case, the platform will use blockchain technology to facilitate the exchange of your asset with another party without the intervention of the platform.
What are the best crypto exchanges for beginners?
We believe that most options in this list represent a few of the best exchanges for beginners, although they have their unique strengths and differences.
Is Binance available in Sweden?
Gustavo has professional experience in banking law, commercial law, consumer's law and financial instruments law and is currently pursuing a Master's Degree in Law and Financial Markets
